National Youth Employment Coalition
Duties of the Board of Directors
Note: These duties apply to the Board of Directors as a whole, not to individual Board members
- Approve NYEC's mission and review top management's performance in achieving it.
- Annually assess the ever-changing environment, approve NYEC's strategic plan, and review the plan to gauge progress.
- Set organizational priorities.
- Annually review and approve NYEC's funding plans.
- Review and approve the annual financial goals.
- Annually review and approve NYEC's budget.
- Approve major organizational policies.
- Hire, monitor, evaluate, advise, support, compensate, and, if deemed necessary, dismiss the executive director. Regularly discuss with the chief executive matters that are of concern to that person or to the board.
- Annually approve the performance review of the executive director and establish compensation based on recommendations of the executive committee.
- Manage organizational succession.
- Steward organizational resources to substantiate long-range goals.
- Approve employee compensation and benefit policies and practices.
- Annually review the performance of the board (including its composition, organization, and responsibilities) and take steps to improve its performance.
- Review results achieved by management as compared with the organization's mission and strategic plan.
- Assess the financial well-being of the organization and develop strategies that will adequately support its current needs and long-range needs.
- Provide candid and constructive criticism, advice, and comments.
- Approve major actions of the organization such as capital expenditures on all projects over authorized limits and major changes in programs and services.
- Review and approve financial reports and annual budget.
- Ensure that published reports properly reflect the operating results and financial condition of the agency.
- Establish and enforce appropriate policies to define and identify conflicts of interest throughout the agency and ensure management is diligent in its administration and enforcement of those policies.
- Recruit and select independent auditors.
- Review compliance with relevant material laws affecting the organization and its programs and operations.